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Global Market Study on Medical Fiber Optics: Asia to Witness Highest Growth by 2019

Report Description

Optical fiber is a flexible, transparent fiber made up of high quality glass, plastic and silica. Optical fibers are used in illumination and are of broadly two types: multiple mode and single mode fiber. Single mode fiber has a small core (only 9 microns in diameter). The small core size limits the transmitted light in the fiber, which minimizes dispersion of light pulses. However, multimode fiber has a large core diameter of about 50-62.5 microns. Therefore, multimode fiber can propagate more than one mode of light. Fiber optics technology has exciting new fields of applications in the medical industry. Fiber optics is commonly used for illumination and light conductors, flexible image bundles, flexible light guides and laser delivery systems. Medical Fiber Optics application include X-ray imaging, lab and clinical diagnostics, ophthalmic lasers, light therapy, dental hand pieces, surgical, diagnostic instrumentation, surgical microscopy and endoscopy.

The global market of medical fiber optics is categorized based on various medical applications. The medical applications include fiberoptic surgical Lights, fiberoptic dental lights, endoscopes, laser fiberoptics and fiberoptic sensors. 

In terms of geography, North America is the largest market for medical fiber optics. Improved medical infrastructure and increased usage of medical fiber optics in minimally invasive surgeries are the key drivers of growth in the medical fiber optics market in the region. Moreover, several associations such as the Society of Laparoendoscopic Surgeons, the Canadian Healthcare Association (CHA) and the Association of Canadian Academic Healthcare Organizations (ACAHO) are also supporting improvement of healthcare services.

In Europe, medical fiber optics market is expected to witness moderate growth due to improved healthcare infrastructure, government funding and increased usage of endoscopic minimally invasive surgeries. Furthermore, the medical fiber optics market in the region is also driven by the aging population, as more people seek endoscopic treatments for various age-related diseases such as cardiovascular diseases and ophthalmic diseases.

Similarly, in Asia, medical fiber optics market is growing due to medical infrastructure development, government initiative programs, and aging population and related-disorders. Several government initiatives in medical fiber optics are also contributing to the growth of medical fiber optics technology in the region.

Globally, medical fiber optics is gaining popularity due to rising demand for minimally invasive surgeries, miniaturization of medical devices and increased demand for advanced diagnostic technologies. In addition, rapid development in the field of fiber optics technology is also one of the key driving factors for the growth of the medical fiber optics market.

However, stringent regulations and standards impede growth of the medical fiber optics market. The risk related with high intensity of lights also restrains growth of the medical fiber optics market. Medical fiber optics technology uses high intensity of light for treatment and surgeries of cancer and ophthalmic diseases. This light disrupts the tissue in histopathology examination. Similarly, temperature controlled laser systems based on infrared fiber are used for the bonding of tissues.

The report provides in-depth analysis and estimation of the medical fiber optics market from 2013 to 2019, considering 2013 as the base year for calculation. Additionally, data pertaining to current market dynamics including market drivers, restraints, trends and recent developments has been provided in the report.

Some of the major players operating in the medical fiber optics market are LEONI, TRUMPF, SCHOTT, Coherent, Inc. and IPG Photonics. These key market players have been profiled based on attributes such as company overview, recent developments, growth strategies, sustainability and financial overview.

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